Welcome to the CSE Quarterly video update, keeping you in the loop on important news from the CSE – the Exchange for Entrepreneurs.
This quarter the CSE hosted events in Toronto and Vancouver bringing together 25 CSE-listed companies and more than 200 guests from the Canadian capital markets community. These “CSE Days” provide an opportunity for CSE issuers to present, in a quick pitch format, to investors and advisors looking at investment opportunities in the early stage capital space A list of presenters and clips of the issuer pitches is available on the CSE blog at thecse.com.
Commented Barrington Miller, Director of Listed Company Services: “What really stands out is the diversity and entrepreneurialism of the audience that joins us at these events. There is always a sense at these forums that the next game changing company could be there in the crowd, potentially making its next critical connection on its path to success.”
The second quarter of 2016 also saw the CSE submit comments to IIROC – the Investment Industry Regulatory Organization of Canada, concerning market structure issues affecting micro-cap issuers. These comments are published on the CSE blog and propose several concepts meant to encourage a healthier environment for micro-cap funding. Some of the ideas presented emphasize the importance of empowering the next generation of investors by introducing new prospectus-exempt offerings in Canada, and leveraging new forms of social media to assist in the promotion and sale of marketable securities.
In a recent interview with CSE CEO Richard Carleton, he had this to say in relation to the submission: “The CSE thought it was also important to look at the bigger picture and look at solutions aimed at addressing the noticeable reduction in buyer interest in the small cap markets. One of the key things we really need to do is engage the next generation of investors.”
Here are some Key Statistics for Q2 2016 on the CSE:
- Trading volume in CSE listed securities rose 68% to a record 1.256 billion shares;
- The exchange ended Q2 with 328 Tradable securities
- CSE companies conducted 114 financings, raising a total of $81.9 million, up 63% from Q2 2015′s $51.3 million
- Trading volume in shares listed on other Canadian exchanges was 909 million
Another interesting statistic concerned IPO activity in the Canada. Noted in a recent PWC report, the CSE was home to the only Canadian IPO in Quarter 2 of 2016. This “micro-IPO” of $550,000 was credited to Stone Ridge Exploration, which listed in the first half of April on the CSE.
Be sure to visit www.theCSE.com and follow the blog to view the CSE QUARTERLY Magazine which includes dates for upcoming CSE events, latest news, investor information and 90 second CEO Clip video profiles on featured Issuers. You can also follow us on Twitter at CSE_News.
Until next time this has been your CSE Quarterly video update.